During the 1990s, the importance of the International Monetary Fund increased due to

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During the 1990s, the IMF's importance increased due to its efforts to reform Communist countries and bring them more fully into the global capitalist economy. This included providing economic assistance and advice to countries such as Russia and China, as they transitioned from planned economies to market economies. The IMF played a significant role in shaping the economic policies of these countries, which ultimately led to their integration into the global economy.

During the 1990s, the Importance of the International Monetary Fund